Hey Italy. Not helping – NYTimes
White Collar Watch chimes in on recent moves by federal regulators to step in and assert a bit of control of the quickly maturing fintech industry. Bitcoin’s as good an example as any – NYTimes
Amazon’s hoping to disrupt the grocery store biz next with its grab ‘n’ go concept – WSJ and Bloomberg
Blackstone is spinning off a new housing maintenance and rental venture in the form of Invitation Homes LP, which could see an IPO as early as January 2017. Invitation Homes is the culmination of a four-year, $10 billion investment Blackstone has made in roughly 50,000 repossessed and foreclosed-upon homes following the housing crisis – WSJ
Credit Suisse has been targeted by Finra for lax anti-money-laundering procedures and will pay $16.5 million to resolve allegations that it allowed dubious microcap transactions and sales of unregistered securities to go through between 2011 and 2013 – Law360
Here’s a new [rather unexpected] hedge fund role—that of diplomat, stepping in to get deals done – NYTimes
SDNY Judge Lewis Kaplan has remanded to state court a $2.4 billion NY False Claims Act lawsuit accusing Citigroup of “dodging $800 million in state taxes by illegally deducting losses it incurred during the financial crisis” – Law360
Fellow parents, take some consolation that it’s basically out of your hands at this point. If you haven’t secured a Hatchimal yet, there’s pretty much no use in trying – NYTimes